How to become a property developer. Moving onto property development is an exciting prospect, but it is best that you start small and take time to understand the processes involved.
Developments are often considered an unachievable strategy for aspiring property investors, but the strategy can be very accessible for all investors.
A reason why developments stand out from other strategies, such as buy-to-sell or buy-to-let, is the fact that developments create value, while the other strategies focus on accessing or maximising existing value factors. In a South African context, the most reliable way to force appreciation is to explore development strategies. Although developments primarily refer to large multi-storey projects, the fundamentals applied to large projects are the same as for a simple spec house.
Developments have a fantastic opportunity to grow your investment portfolio quicker than most other strategies. The most affordable property you could buy is possibly the one you build yourself.
Developments have a lot of flexibility to suit your goals and objectives.
THE ROAD MAP
Click on the links below and find out what you need to know about becoming a property developer in South Africa.
1. Getting started as a property developer
Learn about the first steps to becoming a property developer in SA
2. Three different strategies for developers
Learn about the main 3 strategies that developers can adopt
3. Seven development project steps
The “blueprint” to almost every development